Financial Markets, Institutions and Money 3e (Paperback, 3rd Edition)

The financial system is a key influencer of the health and efficiency of an economy. The role of the financial system is to gather money from people and businesses that currently have more money than they need and transfer it to those that can use it for either business or consumer expenditures. This flow of funds through financial markets and institutions in the Australian economy is huge (in the billions of dollars), affecting business profits, the rate of inflation, interest rates and the production of goods and services. In general, the larger the flow of funds and the more efficient the financial system, the greater the economic output and welfare in the economy. It is not possible to have a modern, complex economy such as that in Australia, without an efficient and sound financial system. The global financial crisis (GFC) of late 2007-09 (and the ensuing European debt crisis), where the global financial market was on the brink of collapse with only significant government intervention stopping a catastrophic global failure of the market, illustrated the importance of the financial system. Financial Markets, Institutions and Money 3rd edition introduces students to the financial system, its operations, and participants. The text offers a fresh, succinct analysis of the financial markets and discusses how the many participants in the financial system interrelate. This includes coverage of regulators, regulations and the role of the Reserve Bank of Australia, that ensure the system's smooth running, which is essential to a modern economy. The text has been significantly revised to take into account changes in the financial world.

General

Imprint:	John Wiley & Sons
Country of origin:	United States
Release date:	September 2015
Authors:	DS Kidwell
Dimensions:	253 x 217 x 36mm (L x W x T)
Format:	Paperback
Pages:	864
Edition:	3rd Edition
ISBN-13:	978-1-118-38411-4
Categories:	Books > Business & Economics > Finance & accounting > Finance > General Books > Business & Economics > Industry & industrial studies > Service industries > Financial services industry Books > Money & Finance > General
LSN:	1-118-38411-3
Barcode:	9781118384114

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